QuantumDivergence

There is some serious confluence here in this current Bitcoin Chart. The neckline of that Head and Shoulders pattern is ALSO the 12hr 200 EMA, and that could be a massive place to either bounce, or finally convince the market of more downside. I will be watching these levels CLOSELY as there is also some disparity between Binance and Coinbase and other exchange chart of around 4-500$ as well as their corresponding EMAs.

API3 had a powerful move this morning! Classification: PAMPERRONI Be careful with this one. Oftentimes, those significant EMA cross zones tend to become magnetic to price later on.

API3 had a powerful move this morning! Classification: PAMPERRONI Be careful with this one. Oftentimes, those significant EMA cross zones tend to become magnetic to price later on.

Bitcoin has had a very ominous pattern forming since the swing low, with some quite bearish long term momentum. The 50 and 200 weekly EMA's however, are currently within 2% of each other, which typically lends itself to an incredible amount of volatility on more local timeframes. Buckle up. It might be about to get WILD in here. If the rising wedge plays to its measured move it has the potential to bring us all the way back home. I personally am looking toward the 200w EMA for solid support if we end up losing this current level. If we were to bounce from the 200 EMA, it could eventually have us dragging the 50 period EMA to cross above it which would likely be very bullish.

Mama said Bobby Boucher don't you be out the fuddin' the foosball whicha foosball friends. A Satoshi, however, being sold at any kind of markup is a catalyst for a black swan. I am not saying that is what is happening here. Mama said Bitcoin not off an exchange is the DEVO! Financial Innovation for the 21st Century (FIT21) and Blockchain Regulatory Clarity Bills have just passed through the Financial Committee, led by Mr. Warren, Mr. Davidson, and a Stablecoin Bill has also just passed, spearheaded by Patrick McHenry himself. Not saying this is a sign of bad to come, but, also, self custody your assets. A bill was just passed to do so, so you should do that unless you are actively trading it.

We have several times found support at the 4hr 400 EMA. This level has held well so far, and we now have a positive Schaff Trendcatcher signal as well as a hidden bullish divergence. These tend to result in a bullish divergence being confirmed on a lower timeframe, which means we may see more dipping. It is also not impossible at this point in this market for DXY to ramp back up and squeeze us down past support. This is a very important time in these markets right now.